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Mixed 2Q earnings from Dewa and Tabreed has a good quarter
Dewa’s revenues jumped 7.8% to AED 7.8 bn
Green mobility and infrastructure updates from UAE, Oman and Saudi Arabia
Stories on our radar this morning from around the region
Acwa Power in final push on Shuaa Energy 3 solar project in Dubai
This project has now achieved full commercial operations with total capacity of 900 MW
Veolia subsidiary secures water tech contract for Hassyan desalination plant
Sidem will engineer and provide technology for the solar-powered plant
Acwa Power’s net income ticks up in 1Q while Dewa posts a 14% drop
Acwa’s revenues were down 6% y-o-y to SAR 1.3 bn
Acwa Power + Dewa reach financial close for solar-powered desalination plant
Acwa Power holds a 20.4% stake in the project
Masdar, Tadweer, EtihadWe and Dewa make clean energy pledges at World Future Energy Summit
Industry players ramped up climate commitments at the summit
Dewa sees a 7% increase in revenues and a dip in income in 2023
Dewa’s net income dropped to AED 7.9 bn in 2023.
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